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Search Results 0 to 7 of about 8 (some duplicates have been removed)
and harry reid. republicans mitch mcconnell and john boehner. those four members of congress are expected to make the drive from the capital, which you see on the right, down pennsylvania avenue, to the white house, there on the left. and we expect them to enter through a side door on the west side of the mansion. that's the entrance right there. and they'll meet with the president. in the oval office. beginning, we're told, at 3:00 p.m., less than one hour from now. and just four days ahead of the so-called fiscal cliff. so a very big moment in the nation's capital. and to walk us through what might happen we turn to jessica yellin, a chief white house correspondent. jessica, we said up front, it is a long shot, give us a best case scenario. >> reporter: the best case scenario would be that all the leaders walk out of this meeting and say they have a deal. the two senators say they can bring it to a vote, and none of their members will filibuster it. house speaker john boehner says he will bring it to the house floor for a vote before new year's eve and house minority leader nancy pelosi
sent a letter to the honorable harry reid majority leader. and that's where he outline it is fact that in three business days, the summit government is going to run out of borrowing capacity. john, if there were a treasurer in a business who went to their boss and said by the way, three business days, the working capital account dies and as a result, you are not going to make payroll next week, that person would be fired. we get three days notice about hitting the debt ceiling? that seems absurd to me. >> it is not a surprise.rise we have known we were coming to this point and there are two months more -- geithner estimated in that letter that the ways in which the federal government can manage money will give about would months worth of head room, possibly even longer. february or march or -- where we really get to the -- rubber hits the road on that issue. so -- this is not a shock to anybody in government but the publication of this letter and the elevation of the issues in attempt was done in 2011. there was an early moatfication by treasury this was about to happen, trying to
harry reid. he gave a statement saying he expected republicans to come back after christmas before the end of the year to try again. mr. boehner gave his own statement saying maybe something could break the rules a little bit and start in the senate to fix the problem instead of starting with his side in the house. if that happens and they can put something together on the senate side that can pass the senate, and that can earn all of nancy pelosi's 193 democrats in the house, they would need, then, 25 republicans to defect and vote with all the democrats to save the country. to save us at least from a self-inflicted recession. they would need 25 republicans. among the republicans who did side with john boehner last night on one bill that he was able to pass before it all fell apart, among the republicans who were on john boehner's side last night were exactly 25 republicans who are not coming back to congress after this year. who are gone as of january, and on whom the usual republican centrifugal forces do not apply. if those 25 republicans defect, then something they end up cook
this week when he said that this is now president obama and harry reid's decision to make. and he also said that last night after his plan "b" failed. and so their message is going to be obviously be this is president obama's job and responsibility to come up with something, they tried, obviously couldn't get it through. but in the end, you know, republicans from the beginning of this, they've already -- they've passed two bills earlier this year averting the fiscal cliff before we got to the, you know, three day out period of going over the fiscal cliff. and they've been really bad at marketing that and saying, look, we put forward solutions, the democrats, especially in the senate have done nothing with them. and so i'm not really sure they can recover if we go over the fiscal cliff. like i said in the first segment, i think the best thing for them is to vote present, wash their hands clean and let the democrats live with the consequenc consequences. >> the democrats will have to live with the consequences and republicans, i think, are going to start moving toward tax reform, entitlement
rates expire and go up to 39.6%, why will we pass that when we know harry reid will kill it in the senate or obama will veto it? why go out on a limb and abandon the idea republicans never allow a tax hike for something just going to be an attempt at a strategic thing, and the reason they thought it would fail is it would involve trying to blame obama if we went over the fiscal cliff and republicans don't think the media would accept that narrative. i don't know. you would know better than i would about how the media would react to that. that was a feeling on the republicans part they couldn't successfully pin obama with going over the cliff. >> i never speak for the media. i speak only for myself. i don't know. it is going to really depend, don't you think? matt, you have a column back in december that said john boehner cat herder and i was thinking the cats got the better of the speaker. what do you think that means for his future? does he remain as speaker? does someone else come in and take over because it is an indication he can't control his own group? >> well, it c
to mitch mcconnell and harry reid to figure out something, send it back to the republicans in the house and hope enough will join democrat and vote for it. >> given the reasons for which mr. boehner was unable to deliver his own caucus in the house, do you think anybody could? >> i don't know that anybody -- tom would be a better authority on that as having been in the republican leadership. but they had the majority. the speaker actually had a reasonable proposition from a republican stand point of a million-dollar cutoff. let everybody under a million dollars have a tax cut. i don't know why he couldn't deliver it, quite frankly. >> why do you think, representative, that he couldn't deliver the republican caucus? >> a number of members upwards of 50 said they wouldn't vote for a tax increase without accompanying decreases in revenue. they did not like the deal. over 95% of these caucus members come from districts that romney carried. most come with over 55% of the vote nape ear not threatened, but they feel that a bad deal is worse than no deal. >> so that means that they are deciding
leader, harry reid as well as the senate minority leader mitch mcconnell, trying to figure out something that could ultimately pass the senate and then next pass the house with not only republican support but democratic support, as well. and the president holding out hope this could happen. take a listen. >> nobody can get 100% of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. call me a hopeless optimist. but i actually still think we can get it done. >> but the chances of getting something big done that deals with the fiscal health of the country, miguel, out the window at this point. this is something we're talking about to deal just with those tax cuts set to expire for those making $250,000 or less. and also the president wants to deal with extending unemployment benefits for people who are out of work, but when it comes to dealing with, say, entitlement reform and other things to bring down the deficit, tax reform, that's not expected to be part of this. >> wow, pushing it right to the edge. will americans, workers across
Search Results 0 to 7 of about 8 (some duplicates have been removed)